Bringing National and International Business Stories Home to Your Community by Linda Austin
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Transcript of Bringing National and International Business Stories Home to Your Community by Linda Austin
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Localizing Business Stories
Photo by Flickr user p22earl
Localizing Business Stories
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• Executive director, Donald W. Reynolds National Center for Business Journalism•Former editor, Lexington Herald-Leader•Former executive editor, The News-Sentinel, Fort Wayne, Ind.•Former managing editor, News & Record, Greensboro, N.C.•Business editor, The Philadelphia Inquirer•Staff writer, Dallas Times Herald
AustinLinda
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How often do you localize a national or international story?
A. RarelyB. OccasionallyC. Frequently
Photo by Flickr user kojotomoto
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“Our survey says…”
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What was the last story you localized?
• How did you get onto the story?• Where did you find sources?• How did it turn out?
Photo by Flickr user Colin_K
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The Lufkin News: local jobless rate
http://lufkindailynews.com/business/article_9b530df6-8b0d-11e1-abf0-001a4bcf887a.html
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Texas Labor Market & Career Info
http://www.tracer2.com/default.asp?PAGEID=94&SUBID=150
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Texas Labor Market & Career Info
http://www.tracer2.com/default.asp?PAGEID=94&SUBID=150
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Workforce Development Areas
http://www.twc.state.tx.us/dirs/wdbs/wdbmap.html
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http://www.tracer2.com/admin/uploadedpublications/1744_deepeasttexaswda.pdf
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What you will learn
Why to localize business stories
Where to find ideasWhen to localize
business storiesHow to localize
business stories using a simple tool called the stakeholder wheel By Flickr user dok1
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Why localize business stories?
1. Fresh and enterprising
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Example: Localizing the Japanese tsunami
http://www.lasvegassun.com/news/2011/mar/16/tsunamis-ripples-could-reach-nevada/
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Why localize business stories?
2. Draws and engages audiences
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Example: Localizing the foreclosure crisis
http://www.azcentral.com/community/scottsdale/articles/2012/03/19/20120319arizona-animal-rescues-face-growing-need-foster-owners.html
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Why localize business stories?
3. RelevantPhoto by Flickr user p22earl
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Example: Localizing the black farmers settlement
http://www.cnn.com/2011/10/28/us/black-farmers/index.html?iref=allsearch
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Tips from Melissa Preddy
http://businessjournalism.org/author/mpreddy/
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Tips from Melissa Preddy
• The official website for the settlement: https://www.blackfarmercase.com//
• Has list of law firms representing clients
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Another tip: trade groups
• The Black Farmers and Agriculturalists Association: http://www.bfaa-us.org/index.html
• National Black Farmers Association: http://www.blackfarmers.org/
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Another tip: finding trade groups
• American Society of Association Executives search:
http://www.asaecenter.org/Community/Directories/AssociationSearch.cfm
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Another tip: finding trade groups
• The Federation of International Trade Associations
http://fita.org/members_dir.html
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Example: Localizing black farmers settlement
http://www.wral.com/news/political/story/10605423/
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Photo by Flickr user kojotomoto
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Where to find ideas: 1. What you see
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Wh e re to fi n d id e a s :
http://nyti.ms/NYTcandy
2. What you see in national media
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Where to find ideas:
http://www.ers.usda.gov/publications/err53/err53.pdf
3. What you read in releases, reports
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Example: Localizing agritourism
http://www.azcentral.com/business/articles/2012/02/02/20120202yuma-arizona-agritourism.html
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When to localize?
http://www.sltrib.com/sltrib/money/53658159-79/service-verizon-per-wireless.html.csp
1. Stories that impact your audience
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When to localize?
2. People in town are talking about it
http://businessjournalism.org/2011/10/26/hunting-season-ushers-in-whole-new-business-beat/
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When to localize?
3. You can bring some-thing special to the coverage
http://www.startribune.com/projects/96995289.html
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How to localize: Stakeholders wheel
HUB
SPOKES
HUB = News
SPOKES = Primary stakeholders
RIM = Secondary stakeholders
Credit: Jacqui Banaszynski
RIM
By Flickr user dok1
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Example: Who are the stakeholders?Primary (spokes)
• Governments (state, national, foreign)• Beef ranchers• Consumers
Secondary (rim)• Lobbyists• Meat processors• Food distributors• Butchers• Grocery stores• Restaurants• Health inspectors• Chicken, hog farmers•Schools
Credit: Jacqui Banaszynski
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Exercise: Localizing gas prices
http://abcnews.go.com/GMA/video/gas-prices-force-drivers-extreme-measures-crazy-lengths-save-money-travel-costs-fuel-oil-13457953
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Stakeholders wheel
HUB
SPOKES
HUB = News
SPOKES = Primary stakeholders
RIM = Secondary stakeholders
Credit: Jacqui Banaszynski
RIM
By Flickr user dok1
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Gas: who are the stakeholders?
http://www.wcmessenger.com/2011/business/looking-for-a-better-way/
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Gas: who are the stakeholders?
http://www.huffingtonpost.com/2012/02/23/super-commuters-on-the-rise_n_1296488.html
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Gas: who are the stakeholders?
http://www.azcentral.com/arizonarepublic/news/articles/2012/03/07/20120307business-gas-prices-handle.html
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Gas: who are the stakeholders?
http://www.salemnews.com/business/x928075761/Rising-gas-prices-eat-up-service-station-owners-profits
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Gas: who are the stakeholders?
http://www.tri-cityherald.com/2012/03/26/1879532/fuel-fertilizer-prices-perplex.html
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Gas: who are the stakeholders?
• “Yiannis Melidis, co-owner of Pegasus Restaurant & Taverna, at 130 S. Halsted St. in Chicago, said fuel surcharges on such services as seafood delivery and garbage pickup have boosted the cost of running his business by 3 to 4 percent. Pegasus is absorbing those costs, but to keep profit margins from shrinking it has been cutting employees' hours. A waiter who had worked 32 to 36 hours a week, for example, now works 28 to 30 hours a week.” – Chicago Tribune, March 7, 2011
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Gas: who are the stakeholders?
http://www.tampabay.com/news/business/autos/amid-rising-oil-prices-makers-of-corn-based-ethanol-crank-up-output/1155854
Photo by Flickr user lincolnearthday
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Gas: who are the stakeholders?
http://www.kentucky.com/2011/05/29/1756592/cumberland-marinas-hope-gas-prices.html#storylink=misearch
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Gas: who are the stakeholders?
http://www.tdtnews.com/index/news/show/85550?title=Rising+gas+prices+affect+city+budget
By Flickr user Linus Henning
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Gas: who are the stakeholders?
http://cronkitenewsonline.com/2011/03/increased-gas-prices-may-impact-food-pantries-outreach/
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What you learned
HUB
SPOKES
Why to localize business storiesWhere to find ideasWhen to localize business storiesHow to localize business stories using the stakeholder wheel:
o Hub =newso Spokes =primary stakeholderso Rim =secondary stakeholders
RIM
By Flickr user dok1
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• Executive director, Donald W. Reynolds National Center for Business Journalism
[email protected]@LindaAustin_602-496-9187
BusinessJournalism.org@bizjournalism
AustinLinda
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Tips from Melissa Preddy
http://businessjournalism.org/author/mpreddy/
http://bit.ly/MelissaPreddyRSS